Trump Media Soars 34%, Tech Stocks Rally As Inflation Drops: What's Moving Markets Thursday?
Piero Cingari 10 months ago
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Screens across Wall Street turned green Thursday as risk appetite snapped back after a cooler-than-expected inflation report revived hopes for rate cuts and a blowout earnings outlook from Micron Technology Inc.
Screens across Wall Street turned green Thursday as risk appetite snapped back after a cooler-than-expected inflation report revived hopes for rate cuts and a blowout earnings outlook from Micron Technology Inc. (NASDAQ:MU) eased AI bubble fears.
• Trump Media & Tech Groupr stock is among today’s top performers. What’s driving DJT stock higher?
The Consumer Price Index rose by 2.7% year-over-year in November 2025, cooling from the previous 3% and well below the expected 3.1%.
Meanwhile, core inflation — which excludes both food and energy items — slumped from 3% to 2.6% annually, marking the lowest reading since March 2021.
By 12:30 p.m. in New York, all major Wall Street indices were higher, with the tech-heavy Nasdaq 100 gaining a robust 2.2% after sinking 1.9% on Wednesday.
Micron Technology Inc. (NASDAQ:MU) rocketed 13% after beating estimates and issuing a bullish outlook tied to tight supply and strong pricing in high-bandwidth memory, a critical component for AI infrastructure.
The results fueled optimism across the semiconductor space, with the iShares Semiconductor ETF (NYSE:SOXX) jumping 2.6% after four straight sessions of losses.
Speculative momentum also returned to the spotlight. Trump Media & Technology Group Corp. (NASDAQ:DJT) jumped 34% after announcing plans for a $6 billion merger with fusion power company TAE Technologies, reviving enthusiasm around AI-related energy demand.
The cooler-than-expected inflation led to a decline in Treasury yields, with the 10-year benchmark yield dropping by four basis points to 4.12%.
In commodities, oil prices edged higher for the second straight session, up 0.9% to $56. Gold eased 0.2% to $4,330, while silver dropped 1.8% to $65 an ounce.
Despite the improved sentiment on risk assets, Bitcoin (CRYPTO: BTC) and other cryptocurrencies failed to meaningfully join the rally.
The largest digital currency traded 0.4% higher to $86,500, while Ethereum (CRYPTO: ETH) gained 0.7% to $2,850.
Thursday's Performance In Major U.S. Indices, ETFs
| Major Indices | Price | % Change |
|---|---|---|
| Nasdaq 100 | 25,150.50 | +2.04% |
| S&P 500 | 6,811.26 | +1.34% |
| Dow Jones | 48,293.20 | +0.85% |
| Russell 2000 | 2,524.92 | +1.31% |
According to Benzinga Pro data:
- The Vanguard S&P 500 ETF (NYSE:VOO) rose 1.2% to $624.17.
- The SPDR Dow Jones Industrial Average (NYSE:DIA) moved 0.7% higher to $483.88.
- The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) rallied 2% to $612.47.
- The iShares Russell 2000 ETF (NYSE:IWM) rose 1.2% to $250.39.
- The Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) outperformed, up 2.3%; the Energy Select Sector SPDR Fund (NYSE:XLE) lagged, down 1.3%.
Russell 1000's Top 5 Gainers and Losers On Thursday
| Stock Name | % Change |
|---|---|
| Trump Media & Technology Group Corp. | +33.61% |
| Micron Technology Inc. | +12.75% |
| Rocket Lab USA Inc. (NASDAQ:RKLB) | +8.55% |
| Karman Holdings Inc. (NYSE:KRMN) | +7.08% |
| Affirm Holdings Inc. (NASDAQ:AFRM) | +7.03% |
| Stock Name | % Change |
|---|---|
| Inspire Medical Systems Inc. (NYSE:INSP) | -20.08% |
| Insmed Inc. (NASDAQ:INSM) | -16.22% |
| Birkenstock Holding Plc (NYSE:BIRK) | -9.18% |
| FactSet Research Systems Inc. (NYSE:FDS) | -7.65% |
| Generac Holdings Inc. (NYSE:GNRC) | -3.60% |
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